Single-Story Retail
12285 SW MAIN ST, Portland, OR 97233
For Sale
Contact for pricing
Six tenants occupy the retail and office spaces in this fully leased property.
Property Size9,950 SF
Price / SF$195.98
Days on Market20
Property Features for 12285 SW MAIN ST
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Net Operating Income
Financials
Asking Price
Cap Rate
Opportunity Zone
Site & Location
Neighborhood
Mixed-Use Components
Additional Details
Tenant in Place
Property Use
Building Details
Buildings
Stories
Building Size
Tenancy
Listing Agency:
SVN | Imbrie Realty
Listed By:
Hugh Holtman · License OR #200311162
(503) 208-9393
Source:
Crexi
Added: Oct 21
Changed: Nov 8
Last Checked: Nov 8 at 5:34PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | Imbrie Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This single-story, 9,950 SF property combines retail and office space across a six-tenant configuration. The building is fully leased and carries MU-CBD zoning, Tigard’s commercial designation referenced in the property information.
The property is identified as being within an Opportunity Zone, a Qualified Census Tract, and Tigard’s Urban Renewal/TIF District. The reported in-place cap rate is 6.72%.
The property is identified as being within an Opportunity Zone, a Qualified Census Tract, and Tigard’s Urban Renewal/TIF District. The reported in-place cap rate is 6.72%.
Key Highlights
- Fully leased with six tenants
- 9,950 SF of retail and office space in a single‑story building
- MU‑CBD zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$115,967
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,319,340
$2.3M
Cap Rate 7%
$1,656,671
$1.7M
Cap Rate 9%
$1,288,522
$1.3M
Market Conditions
NOI Build-Up for 9,950 SF
Gross rent
$179.1K $18.00/SF
− Vacancy
−$13.4K −$1.35/SF
EGI
$165.7K $16.65/SF
− OpEx
−$49.7K −$5.00/SF
NOI
$116.0K $11.66/SF
Area
Portland, OR
Vacancy
7.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,319,340
Cap Rate 7%
$1,656,671
Cap Rate 9%
$1,288,522
Alternative Uses
Best Use
Retail
$1.66M
$1.45M – $1.93M
NOI $115,967 @ 7.0% cap · market cap 5.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.79M
$2.44M – $3.26M
NOI $195,594 @ 7.0% cap · market cap 10.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
834
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97233, OR
41,625
Population
14,844
Households
2.8
Avg Household Size
34
Median Age
18%
College-Educated
80%
High-School Grad
4.6 sq mi
ZIP Area
9,049
Density / Sq Mi
$54,886
Median Household Income
$37,216
Median Earnings
$1,352
Median Rent
$385,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Portland, OR
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Frequently Asked Questions
What type of property is this?
Shopping center - Six tenants occupy the retail and office spaces in this fully leased property.
Where is this shopping center located?
The property is located at 12285 SW MAIN ST Portland, OR.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Fully leased with six tenants; 9,950 SF of retail and office space in a single‑story building; MU‑CBD zoning
